China Talks Stall

July 5, 2019

The newest round of trade talks between the U.S. and China last weekend proved to be largely fruitless, with little by way of new commitments from either side. The ongoing trade war has seemingly settled into a stalemate, with no new measures being levied but little progress made to resolve it.

China made minor overtures toward buying some U.S. agricultural products as a sign of good faith, but markets barely registered the offer. December corn finished the week up ten cents per bushel at $4.40 on Friday, while November soybeans fell to a two-week low beneath $9.00 per bushel. August hog prices finished near unchanged at 77 cents per pound, despite more news of Chinese hog losses to the African Swine Fever.

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